Centrotherm books over €40 million in solar manufacturing equipment orders

Facebook
Twitter
LinkedIn
Reddit
Email
The equipment company also reported preliminary 2015 revenue of approximately €139 million.

Solar PV and polysilicon manufacturing equipment specialist centrotherm said it has booked over €40 million in solar and semiconductor manufacturing equipment orders in the first two months of 2016. 

The company is well known for its range of thermal diffusion furnaces used in solar cell processing, a key area of current capacity expansions, detailed in PV Tech’s ongoing analysis of technology and capacity trends. 

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The equipment company also reported preliminary 2015 revenue of approximately €139 million, down significantly from previous revenue guidance of €150 million to €200 million. Centrotherm had previously reported first half revenue €85.9 million, compared to €78.09 million (US$86.4 million) in the prior-year period. PV sales in 2014 were €90.6 million, up from €70.1 million in 2013. 

Centrotherm said that the revenue miss was “mainly attributable to the revaluation of a major project of subsidiary SiTec GmbH as part of auditing the financial statements, as well as due to a lack of new business in the Silicon segment”.

The major SiTec project cited is believed to be the new polysilicon plant project in Qatar for Qatar Solar Technologies (QSTec), which has separately announced the 8,000MT facility is nearing completion and production is expected to ramp later in 2016. 

However, in recent months, QSTec has become a major investor in centrotherm and a major investor in SolarWorld since the company restructured. 

Cost savings at centrotherm combined with increased revenue over 2014 did produce a preliminary, earnings before interest and tax (EBIT) amount of approximately €19 million. The company had previously guided a ‘breakeven’ scenario for 2015.

Full-year results are expected to be released on April 28, 2016.

7 October 2025
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.

Read Next

June 26, 2025
International researchers led by King Abdullah University of Science and Technology (KAUST) have developed a new cooling technology that improves the power and longevity of solar cells.
June 26, 2025
A group of minority shareholders in Norwegian silicon firm REC Silicon has triggered an investigation into the circumstances surrounding the closure of the company’s US polysilicon production site.
June 24, 2025
Chinese solar manufacturing giant LONGi has signed an agreement with Indonesia’s Pertamina New & Renewable Energy to build a 1.4GW module assembly plant in West Java, Indonesia.
June 24, 2025
The Chinese polysilicon industry could face a shortage by 2028, despite persistent overcapacity in recent years, according to polysilicon market analyst Bernreuter Research.
June 18, 2025
The US Senate Finance Committee draft bill is a “stake in the heart” of US solar manufacturing, according to Democrat senator, Ron Wyden.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico